RXM 2.97% 26.0¢ rex minerals limited

Who is going to get a bargain!, page-633

  1. 390 Posts.
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    Mate, thanks for sharing that YouTube video. I downloaded the audio and listened to it a couple of times yesterday while out for a walk. I'm sure others here will agree when I say thanks for all the information you share here on a regular basis. I'm pretty new to commodities and am learning a lot. I think the guy in the video is right -- no scenario foreseeable where copper doesn't do well.

    I note that a certain small cap with a very large proposed copper mine in WA, and with a low 0.25% grade, is putting out a lot of sponsored articles at the moment. They even had a (sponsored) article in The Australian. Their share price has jumped as a result. I wonder if it's a sign of a cap raise! I've always seen our project as superior and question whether such a low (0.25%) grade mine would be built despite its proposed size. Plus we've got the Arizona project. I sure am glad I came across Rex late last year. I never see Rex promoting itself like this. Great!

    I hadn't considered Azzif's point that OZL will put their payout money somewhere, and it's likely to be into an ASX pure-play copper company. Perhaps that will come in part to Rex and draw attention to us.

    What do you imagine will happen with fund raising? Will there be a cap raise? Or is our market cap too low to raise the hundreds of millions required and that route is impossible? We've got a pretty open share register but it's mostly retail investors.

    I started off with a very small buy of Rex. In the hundreds of dollars worth. Barely the minimum marketable parcel. But every few weeks I find myself buying more and more on any weakness/pullback. Chipping away. I'm glad Rex isn't like some of these stocks with dozens of HC posts each day and millions of shares of turnover. We are flying under the radar, and hopefully will continue to do so for a while longer as we grow with anonymity! At some point, I guess our proposed project will be fully funded, the copper price even higher, and RXM will a compelling investment opportunity.

    In the meantime, I don't care how long we stay in the 20-odd cent range One thing for sure is I won't be selling any. I think one day, perhaps 2025 or '26, I'll be very glad l bought commodity stocks in 2022/23.
 
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Last
26.0¢
Change
0.008(2.97%)
Mkt cap ! $199.6M
Open High Low Value Volume
25.5¢ 26.0¢ 25.5¢ $100.8K 391.7K

Buyers (Bids)

No. Vol. Price($)
1 100000 26.0¢
 

Sellers (Offers)

Price($) Vol. No.
26.5¢ 275051 5
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Last trade - 15.56pm 28/06/2024 (20 minute delay) ?
RXM (ASX) Chart
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